Navi eyes $40M from Elevation ahead of potential IPO

Navi, the fintech led by Flipkart co-founder Sachin Bansal, is in talks to raise about $40 million from Elevation Holdings at a valuation of roughly $1.4 billion. The round comes months after a $100 million investment from Prosus and as the company prepares for a possible IPO.

• Navi is in talks to raise $40M from Elevation Holdings
• The deal values the company at about $1.4 billion
• Navi previously raised $100M from Prosus
• The capital supports preparations for a potential IPO